Seele public chain is a high performance (2000+ TPS), multi-shard, decentralized and highly scalable blockchain network. SeeleTech has developed the innovative MPoW consensus algorithm for ASIC resistance and security. Seele is fully EVM smart contract compatible.
Problems & Solutions
In recent years, blockchain systems and their applications have expanded the boundaries of the cryptospace and resulted in deeper decentralized application development. Bitcoin, Ethereum, Hyperledger Fabric, Corda, and other public and consortium chains have continued to emerge, creating a highly competitive environment.
With the development of blockchain technology and its applications, various problems have gradually been exposed. Issues such as the inability to scale for large-scale performance, the inability to support diverse business use cases, and the inability to exchange information and share assets across different blockchain networks have become more prominent.
In response to these problems, Seele is going back to the core values of blockchain technology. The team wants to solve blockchain’s current problems by improving some of the base-level issues – consensus algorithms, ecological topologies, cross-chain agreements, underlying network communication protocols, collaborative convergence computing, application ecosystems, and more, to promote the wider application of blockchain and Internet of Value technology.
Features & Highlights
Heterogeneous Forest Network: SeeleTech proposes the heterogeneous forest network, a blockchain ecosystem comprised of subnets optimized for different use cases. Subnets can handle different service scenarios independently and can interact with each other through cross-chain and cross-domain protocols. This network is secure, efficient, and compatible with current blockchain ecosystems. It presents an overarching vision for the future Internet of Value.
Matrix-Proof-of-Work Consensus Algorithm: MPoW (Matrix-Proof-of-Work), an innovative PoW consensus algorithm developed by SeeleTech and implemented in Seele’s main-net. Compared to conventional PoW consensus algorithm, MPoW requires miners to compute the determinants of sub-matrices from a matrix constructed with n hashes other than brute-force-hashing using a hash function to find the target. It consists of several steps which can efficiently prevent ASIC from dominating the network.
Neural Consensus Algorithm: Seele created "Neural Consensus Algorithm". It transforms the consensus problem into an asynchronous request, processing and sorting data in a large-scale environment based on "micro-real numbers". It will not only ensure safety and low energy consumption, but it will also ensure strong linear augmenting ability. The performance is linearly accelerated as the node size increases to satisfy business requirements.
Value Transport Protocol (VTP) and Value-Chain HTTP (VHTTP): VTP is based on the heterogeneous forest network architecture. The agreement covers the uniform identification of the assets on the chain and the routing strategy for asset discovery. VHTTP implements the exchange of values among chains, between on-chain and off-chain.
Quick Value Internet Connection (QVIC): In the case of wide-area network, QVIC protocol conducts targeted optimization for network jitter, packet loss and other characteristics of instability. QVIC protocol has greatly improved the transmission rate and efficiency, due to the use of pre-connection mode. As handshake control is done at the sending end, the handshaking time can be ignored. Data packets are transmitted directly, thus the greater efficiency is achieved.
Token Sale & Economics
- Project website: https://seele.pro/
- Project whitepaper: http://seele.hk.ufileos.com/Seele_White_Paper_English_v3.1.pdf
- Token sale start time: TBA
- Ticker: SEELE
- Token type: ERC-20
- Total hard cap: 30,000 ETH
- Total supply: 1,000,000,000 SEELE
- Public sale token price: 1 SEELE = $0.03236
Token Utility & Use Cases
SEELE is the token of Seele. This token will mainly be used in two ways - first, it will be used to reward participating nodes, and second, it is used to pay transaction fees. Transaction fees allows reimbursement for bandwidth and computing resources used by nodes and helps prevent against Sybil attacks.
Roadmap & Updates
- 2018 Q1
- Minimum feasibility study
- 2018 Q2
- Complete the test network
- 2018 Q3
- Test core functionality and optimize performance
- 2018 Q4
- Test net optimization
- 2019 Q1
- Develop application support tools
Dr. Maolin Zheng, Chief Executive Officer. Experience in big data computing, mathematical modeling, predictive analytics, credit risk management, decision optimization, and discrete optimization.
Dr. Bi Wei, Chief Scientist. Dr. Bi has been invited to attend international academic conferences and has published work in journals such as the New England Journal of Medicine. His articles and opinions have been collected by BBC, London Chinese Radio, Complex UK, and other media sources.
Dr. Nick Smith, Chief Operating Officer. Experience in data analysis, software development, and hardware development. Skilled in research, feature extraction, and project management.